About Future Corporate Resources Limited
Data last updated:
Future Corporate Resources Limited was a public limited company based in Mumabi, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial holding companies segment of the financial services sector. It was incorporated on 19 October 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH2005PLC156856. Its GSTIN is 27AAJCS3979E1ZX (Maharashtra).
The company had an authorised share capital of ₹25.13 Cr and a paid-up capital of ₹25.05 Cr. It was formerly known as Future Corporate Resources Private Limited and Simpleton Investrade Private Limited. It was led by directors including Vivek Vijay Biyani (Whole-Time Director) and Anil L Biyani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Knowledge House Shyam Nagar Jogeshwari – Vikhroli Link Road Jogeshwari (E), Mumabi, Maharashtra, India – 400050.
As per the financials filed for FY 2016, the company reported a revenue of ₹505.5 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹3.48 Cr (net margin -0.7%) and EBITDA of ₹260.23 Cr (EBITDA margin 51.5%).
Its group structure included 36 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹2,396.22 Cr on record. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 3 cases are pending.
The last known website on record is fcrl.in.
Company details
Name history
Future Corporate Resources has undergone 2 name changes throughout its history. The company was previously known as Future Corporate Resources Private Limited, and Simpleton Investrade Private Limited. The current legal name is Future Corporate Resources Limited.
| Company Name | Status |
|---|---|
| Future Corporate Resources Limited | Current |
| Future Corporate Resources Private Limited | Previous |
| Simpleton Investrade Private Limited | Previous |
CIN history
Future Corporate Resources has one previous CIN (Corporate Identification Number): U51100MH2005PTC156856. The current CIN is U51100MH2005PLC156856, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100MH2005PLC156856 | Current |
| U51100MH2005PTC156856 | Previous |
Contact details
Future Corporate Resources Limited's registered office is in Mumabi, Maharashtra. Its website is fcrl.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKnowledge House Shyam Nagar Jogeshwari – Vikhroli Link Road Jogeshwari (E), Mumabi, Maharashtra, India – 400050
- IndustryFinancial Services, Financial Holding Companies
To see the full contact details of Future Corporate Resources Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Future Corporate Resources are information and communication and support service to organizations. In detail, this covers other information & communication service activities and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Future Corporate Resources Limited, buy the company report.
Financials of Future Corporate Resources Limited
FY 2016 filings availableFuture Corporate Resources Limited reported revenue of ₹505.5 Cr (up 26% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. EBITDA rose 119% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹505.5 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹260.23 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3.48 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 51.5% | |
| Net Profit Margin | -0.7% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Future Corporate Resources Limited, buy the company report.
Board of directors and KMP of Future Corporate Resources Limited
Future Corporate Resources Limited currently reports 8 directors and 2 key managerial personnel. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishore Laxminarayan Biyani | Director | 19 Nov 2005 | 20 Years 11 Months | As last reported |
| Sangita Kishore Biyani Also directs: One India Capital Advisors LLP, KLB Capital Advisors LLP, KLB Advisory and Consultancy LLP and 2 more | Director | 19 Nov 2005 | 20 Years 11 Months | As last reported |
| Vivek Vijay Biyani Also directs: Future Money Financial Services Limited, The Foundery Collective LLP, Dhanshree Trading and Advisory LLP and 5 more | Whole-Time Director | 21 Jul 2011 | 15 Years 3 Months | As last reported |
| Rajesh K Pathak Also directs: Bagalkot Cement & Industries Limited. | Company Secretary | 09 Jul 2015 | 11 Years 4 Months | As last reported |
| Anil Kumar Bagri Also directs: Rashtriya Metal Industries Limited | Director | 08 Jul 2015 | 11 Years 4 Months | As last reported |
| Hemant Kumar Bhotica Also directs: Sapco Paper Bag LLP, Shree Hsrpa Consultants LLP, Shree Arun Packaging Company Private Limited and 1 more | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Future Corporate Resources Limited is audited by R JANGIR & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R JANGIR & CO | FY 2016 | 140085W |
Shareholding
The shareholding of Future Corporate Resources Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Future Corporate Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2017 | 100097731 | Others | ₹15 Cr | Satisfied | |
| 17 Mar 2017 | 100102264 | Idbi Trusteeship Services Limited | ₹250 Cr | Satisfied | |
| 09 Mar 2017 | 100088643 | Others | ₹30 Cr | Satisfied | |
| 14 Nov 2016 | 100076837 | Others | ₹45 Cr | Satisfied | |
| 14 Nov 2016 | 100076841 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Future Corporate Resources Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Future Corporate Resources Limited has 18 court cases on record: 7 filed by Future Corporate Resources, 11 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 8 | 5 | 2 |
| High courts | 7 | 3 | 1 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Edel Land Ltd. (Formely Known As Ecap) A Company Incorporated Under the Companies Act, 1956 and Having Its Regd. Office at Tower-3, Wing B, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla West, ,Mumbai , Maharashtra and 1 other | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Catalyst Trusteeship Limited | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Edel Land Limited Now Known As Ecap Equities Ltd. and 1 other | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against RBL Bank Ltd Through Its Authorized Representative Upper Ground Floor, Hansalaya Building, 15, Barakhamba Road ,New Delhi , Delhi and 7 others | Disposed |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Shapoorji Pallonji Finance Private Limited | Disposed |
To see the full case history of Future Corporate Resources Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Future Corporate Resources Limited was last rated by Icra on 15 Jan 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Jan 2018 |
To see the full credit ratings and regulatory alerts of Future Corporate Resources Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Future Corporate Resources Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Future Corporate Resources has 36 subsidiary companies and 8 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Future Outdoor Media Solutions Limited | U22300MH2008PLC181041 | |
| Future Outdoor Media Solutions Limited | U22300MH2008PLC181041 | |
| Weavette Business Ventures Limited | U51101MH2007PLC175707 | |
| Weavette Business Ventures Limited | U51101MH2007PLC175707 | |
| Rural Fairprice Wholesale Limited | U51109MH2009PLC195415 | |
| Rural Fairprice Wholesale Limited | U51109MH2009PLC195415 |
To see the full group structure of Future Corporate Resources Limited, buy the company report.
GST
Future Corporate Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCS3979E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Future Corporate Resources Limited, buy the company report.
Recent activity
Future Corporate Resources Limited has 22 board changes on record since 2005: 10 appointments and 12 cessations. The latest: Ajay Dedhia Nemchand ceased to be Additional Director on 30 Sep 2015.
75 earlier events are in the company report.
Frequently asked questions
Future Corporate Resources has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Future Corporate Resources was a public limited company based in Mumabi, Maharashtra, India. The company worked in financial holding companies, within the financial services industry. It was incorporated on 19 October 2005 and is registered under CIN U51100MH2005PLC156856. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Future Corporate Resources was incorporated on 19 October 2005. It is registered with the Registrar of Companies, Mumbai.
Future Corporate Resources had 10 directors and KMP:
- Vivek Vijay Biyani - Whole-Time Director
- Anil L Biyani - Whole-Time Director
- Kishore Laxminarayan Biyani - Director
- Sangita Kishore Biyani - Director
- Anil Kumar Bagri - Director
- Hemant Kumar Bhotica - Director
- Vijay Laxminarayan Biyani - Director
- Ajay Dedhia Nemchand - Director
- Rajesh K Pathak - Company Secretary
- Rajkumar Pande - Cfo
The CIN (Corporate Identification Number) of Future Corporate Resources is U51100MH2005PLC156856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Future Corporate Resources is at Knowledge House Shyam Nagar Jogeshwari – Vikhroli Link Road Jogeshwari E, Mumabi, Maharashtra, India – 400050.
Future Corporate Resources can be reached through the website fcrl.in. Its registered office is in Mumabi, Maharashtra, India.
The latest financial statements of Future Corporate Resources on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The GSTIN of Future Corporate Resources is 27AAJCS3979E1ZX, registered in Maharashtra.
Future Corporate Resources operated in the financial services industry, in the financial holding companies segment.
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